Web.com Group Inc(NASDAQ:WWWW) is falling in early trading following a downgrade in the stock to Neutral from Buy at B. Riley. The firm maintains its $40 price target. Shares of WWWW last traded at $30.14 with a 52-week range of $22.26 to $37.72.

Ctrip.com International, Ltd. (ADR)(NASDAQ:CTRP) declined in early trading after being downgraded by analysts at Stifel Nicolaus to a hold rating from a buy. Stifel removed its $58 price target for Ctrip.com’s American depositary receipts. 

The analysts cited an announcement by Air China that ticketing commissions will be cut to 2% from 3% for domestic flights sold by travel agencies. Stifel said other airlines may cut commissions, too. The Chinese travel website fell 5.15% to $56.04 in pre-market trade. It reached a record high of $61.99 during regular trading on June 19. 

RBC Capital Markets analysts have downgraded their coverage of MICROS Systems, Inc.(NASDAQ:MCRS) to a sector perform rating from outperform. Despite the downgrade, the firm raised its price target on the stock to $68 from $63 a share.  In pre-market activity, shares of MCRS have edged down 0.07% to $67.93, amid a 52-week trading range of $41.78 – $70.24.

Analysts at Morgan Stanley have initiated coverage of AutoZone, Inc.(NYSE:AZO) with an equalweight rating and a price target of $575 a share. The price target represents a potential upside of 8% from the stock’s current trading price. In today’s early session, shares of AZO are unchanged from yesterday’s close of $532.94, and move within a 52-week trading range of $405.71 – $561.62.

Analysts at Morgan Stanley have initiated coverage of pet supply company PetSmart, Inc.(NASDAQ:PETM) with an underweight rating. The firm set its price target on the stock at $60 a share. In today’s pre-market session, shares of PETM are down 1.17% to $59.20, and trade within a 52-week frame of $55 – $77.32.

Coeur Mining Inc(NYSE:CDE) shares rose in Tuesday’s pre-market session after BMO Capital Markets raised its investment rating on the stock to market perform from underperform, citing letters of intent the silver and gold producer entered to amend its Palmarejo gold-streaming agreement with Franco-Nevada (FNV). 

“The amendment of the FNV streaming agreement reduces the effective production costs at Palmarejo, bolsters cash-flow generation and provides strong incentive for CDE to develop the Guadalupe deposit that hosts the majority of underground reserves and resources,” the firm told clients in a note. 

BMO also said it raised its target price on CDE to $9.50, “given the potential accretive nature of the FNV gold stream restructuring.” The firm didn’t specify what its prior target had been. The stock was up 3.4% at $9.08 in recent pre-market trading, in a 52-week range of $6.62 to $16.95. 

 

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